The jackpot for the Powerball draw on Mon Jul 27, 2026, is projected to be $633 Million, with an option for a cash payout of $277.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Mon Jul 27, 2026 |
|---|
| Draw Date | Mon Jul 27, 2026 | | Projected Jackpot | $633,000,000 | | Cash Value | $277,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,300,000 | | Federal Tax(24%) | $66,552,000 | | Additional Federal Tax | $36,009,330 | | State Tax(8.82%) | $24,457,860 | | Net Lumpsum Payment | $150,280,810 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,527,283 |
$3,485,425
$840,306 |
$5,201,552 |
| 2 |
$10,003,932 |
$3,661,785
$882,347 |
$5,459,800 |
| 3 |
$10,504,002 |
$3,846,811
$926,453 |
$5,730,738 |
| 4 |
$11,029,392 |
$4,041,205
$972,792 |
$6,015,395 |
| 5 |
$11,580,735 |
$4,245,202
$1,021,421 |
$6,314,112 |
| 6 |
$12,159,930 |
$4,459,504
$1,072,506 |
$6,627,920 |
| 7 |
$12,767,610 |
$4,684,346
$1,126,103 |
$6,957,161 |
| 8 |
$13,406,307 |
$4,920,664
$1,182,436 |
$7,303,207 |
| 9 |
$14,076,654 |
$5,168,692
$1,241,561 |
$7,666,401 |
| 10 |
$14,780,550 |
$5,429,134
$1,303,645 |
$8,047,771 |
| 11 |
$15,519,261 |
$5,702,457
$1,368,799 |
$8,448,005 |
| 12 |
$16,295,319 |
$5,989,598
$1,437,247 |
$8,868,474 |
| 13 |
$17,109,990 |
$6,291,027
$1,509,101 |
$9,309,862 |
| 14 |
$17,965,806 |
$6,607,679
$1,584,584 |
$9,773,543 |
| 15 |
$18,864,033 |
$6,940,023
$1,663,808 |
$10,260,202 |
| 16 |
$19,807,203 |
$7,288,995
$1,746,995 |
$10,771,213 |
| 17 |
$20,797,215 |
$7,655,300
$1,834,314 |
$11,307,601 |
| 18 |
$21,837,234 |
$8,040,107
$1,926,044 |
$11,871,083 |
| 19 |
$22,929,159 |
$8,444,119
$2,022,352 |
$12,462,688 |
| 20 |
$24,075,522 |
$8,868,274
$2,123,461 |
$13,083,787 |
| 21 |
$25,279,488 |
$9,313,741
$2,229,651 |
$13,736,096 |
| 22 |
$26,543,589 |
$9,781,458
$2,341,145 |
$14,420,986 |
| 23 |
$27,870,357 |
$10,272,362
$2,458,165 |
$15,139,830 |
| 24 |
$29,264,223 |
$10,788,093
$2,581,104 |
$15,895,026 |
| 25 |
$30,727,086 |
$11,329,352
$2,710,129 |
$16,687,605 |
| 26 |
$32,264,010 |
$11,898,014
$2,845,686 |
$17,520,310 |
| 27 |
$33,876,894 |
$12,494,781
$2,987,942 |
$18,394,171 |
| 28 |
$35,570,802 |
$13,121,527
$3,137,345 |
$19,311,930 |
| 29 |
$37,349,532 |
$13,779,657
$3,294,229 |
$20,275,646 |
| 30 |
$39,216,882 |
$14,470,577
$3,458,929 |
$21,287,376 |
|
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